February 5, 2023


Greg Gerritt - The data is very clear. Higher taxes on the rich provides incentives for them to invest more in actual production rather than excessive consumption. Over the last 50 years American GDP has grown faster when the tax rates on the rich are higher. Yes 1% of the population pays some large percentage of the taxes, but they have an even greater percentage of the income and an even greater percentage of the wealth.  As Thomas Piketty pointed out a few years ago, inequality harms economies and communities. it is time to use the tax rates to level the field.

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